Now that WHSP are in the driving seat and assuming that they get through the due diligence in 21 days, I can see them offering a fully underwritten rights issue at a lower price say 35 cents on a 1 for 1 basis which will give EOS some $50m cash net. WHSP will take up the shortfall and move from 6% to over 30% and control with no premium. They could then clean out the directors and bloated management and move EOS from a public service style operation to a more commercial one.
Great for WHSP but another blow for EOS shareholders.
Possible rights issue EOS
Add EOS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.26 |
Change
-0.050(3.82%) |
Mkt cap ! $243.1M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.35 | $1.26 | $358.3K | 278.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 488 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 1036 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.26 |
Change
-0.050 ( 4.69 %) |
||||
| Open | High | Low | Volume | ||
| $1.30 | $1.32 | $1.26 | 25042 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| EOS (ASX) Chart |